Odessa 33556 Real Estate Market Report- July 2013

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32 homes sold during the same period last year which resulted in 46.9% increase in the unit volume and 6% increase in the median price (from $326,500 to $346,000).

At the end of the month there were 165 homes available for sale in this area ofOdessawhich included 46 new home listings. New home listings were up from 39 to 46 in contrast with same period last year. Since 56 homes went under contract, it resulted in 2.94 months of inventory only. Number of homes that went under contract were also up (July 2012 from 40 to 38 in July 2013).

The average days on the market currently in this area was around 124 days.

Most of the homes that sold were purchased with cash and conventional financing.